CANADA: Toyota to expand Woodstock capacity
Toyota said today that annual production capacity will increase to 150,000 RAV4 sport utility vehicles at its Woodstock, Ontario, plant under construction. Total employment will reach about 2,000 and the total investment will grow to about C$1.1 billion/US$950 million.
The facility, managed by Toyota Motor Manufacturing Canada (TMMC) in Cambridge, was announced last June and construction began in October. Production begins in 2008.
"This capacity increase gives us the flexibility to adjust to future market demand," said Seiichi Sudo, president of Toyota Motor Manufacturing North America (TMMNA). "We are confident in TMMC's ability to handle this growth."
Ray Tanguay, president of TMMC, said the expansion is further evidence of the strength of the auto industry.
"This announcement is a vote of confidence by Toyota and the consumers, and demonstrates that auto manufacturing is alive and well in Canada," he said. "It is not only good news for our team members, but also for Canada and our suppliers across North America."
"We knew that Toyota's new plant in Woodstock would bring tremendous benefits to the community and to all of Ontario, and now our great expectations have quickly been exceeded," said Ontario Economic Development and Trade Minister Joe Cordiano. "Toyota's continued investment in Woodstock is a strong vote of confidence in Ontario's highly skilled workforce, and we are proud of their decision to choose this great province."